Sandstorm Gold Ltd (SAND)

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— SECOND QUARTER HIGHLIGHTS
Record Attributable Gold Equivalent ounces sold1 of 12,901;
Revenue of $15.4 million;
Average cash cost per Attributable Gold Equivalent ounce1 of $304 resulting in cash operating margins1 of $892 per ounce;
Operating cash flow of $9.5 million;
Net loss of $13.5 million;
Announced the closing of the restructuring of the Aurizona Gold Stream and its outstanding loan with Luna Gold Corp. ("Luna"); and
Announced the closing of the acquisition of Gold Royalties Corporation ("Gold Royalties"). Gold Royalties has over $1 million in cash and a portfolio of royalties on 12 mining projects located in Canada, including one royalty that is generating cash flow from gold production.
Sandstorm President & CEO Nolan Watson commented, "The second quarter delivered solid operating cash flow to the company driven by record gold sales from our 14 producing royalty and stream assets. With over $50 million in cash at quarter end, Sandstorm is in a position to be a buyer in what is a struggling gold market, and we believe that as we execute on the opportunities that are in front of us, we will build significant shareholder value."